The Seoul skyline at sundown.
Ed Jones | Afp | Getty Photographs
Asia-Pacific markets traded combined Wednesday, monitoring losses on Wall Road after Treasury yields rose and main U.S. tech shares declined.
Japan’s Nikkei 225 dipped 0.69%, whereas the Topix misplaced 0.82%. South Korea’s Kospi rose 0.98% whereas the Kosdaq Index was flat.
Shares of South Korean tech big Samsung Electronics rose 2.8% in uneven buying and selling, shrugging off a worse-than-expected profit forecast for the fourth quarter.
The world’s prime reminiscence chip maker stated its working revenue for the quarter ended Dec. 31 could be round 6.5 trillion gained ($4.47 billion), lacking LSEG estimates of seven.7 trillion gained.
Hong Kong’s Hang Seng Index was down 0.28%, whereas mainland China’s CSI 300 dipped 0.53%.
Australia’s S&P/ASX 200 traded 0.36% greater.
Shares of Chinese language tech agency Tencent Holdings slipped 1.5% after, extending from an almost 8% decline on Tuesday following its inclusion within the U.S. Division of Protection checklist of “Chinese language navy corporations.” Shares of battery maker CATL, which was additionally included within the checklist, misplaced 1%.
In a single day within the U.S., declines throughout main tech shares dragged the market decrease.
The S&P 500 dipped 1.11% to shut at 5,909.03. The Dow Jones Industrial Average misplaced 178.20 factors, or 0.42%, and ended at 42,528.36. The Nasdaq Composite slid 1.89% to 19,489.68. The key averages traded greater earlier within the day earlier than rolling over. Nvidia shares fell 6.2% after hitting a file.
Tesla slipped 4% after Financial institution of America downgraded the electric-vehicle maker given its excessive valuation and dangers related to its technique. Meta Platforms shed almost 2%, whereas Apple and Microsoft every dipped greater than 1%.
—CNBC’s Pia Singh and Lisa Kailai Han contributed to this report.
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